About Victory Transformers & Switchgears Limited
Data last updated:
Victory Transformers & Switchgears Limited is a public limited company based in Chennai, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 30 April 2004.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29199TN2004PLC078244. Its GSTIN is 36AABCV9082D1Z7 (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.9 Cr. It is led by directors including Mahendra Kumar Vaddineni (Managing Director) and Manoj Vaddineni (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at #850/64B T.H.Road Near Royal Enfield Thiruvotriyur, Chennai, Tamil Nadu, India – 600019.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.43 Cr, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹5.88 Cr (net margin -241.8%) and EBITDA of -₹4.18 Cr (EBITDA margin -171.9%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years.
Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹465.05 Cr and satisfied charges of ₹122.5 Cr on record.
The last known website on record is victoryelectricals.com.
- EmailLocked
- TelephoneLocked
- Website
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- Registered Address#850/64B T.H.Road Near Royal Enfield Thiruvotriyur, Chennai, Tamil Nadu, India – 600019
- IndustryEnergy and Power, Power Equipment Manufacturers
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
CIN History of Victory Transformers & Switchgears Limited
Victory Transformers & Switchgears has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29199TN2004PLC078244, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29199TN2004PLC078244 | Current |
| U29199AP2004PTC043179 | Previous |
| U29199AP2004PLC043179 | Previous |
Business Activity of Victory Transformers & Switchgears Limited
The main business activity of Victory Transformers & Switchgears is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Victory Transformers & Switchgears Limited
Victory Transformers & Switchgears Limited is audited by VENUGOPAL & CHENOY for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VENUGOPAL & CHENOY | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Victory Transformers & Switchgears Limited
Victory Transformers & Switchgears has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Vaddineni Also directs: Phoenix Power Products Limited | Whole-Time Director | 10 May 2004 | 22 Years 4 Months | As last reported |
| Mahendra Kumar Vaddineni Also directs: Phoenix Power Products Limited, Haiya Service Foundation | Managing Director | 30 Apr 2004 | 22 Years 5 Months | As last reported |
| Venkatappaiah Naidu Vaddineni | Director | 30 Apr 2004 | 22 Years 5 Months | As last reported |
| Manish Chhajed | Director | 01 May 2009 | 17 Years 5 Months | As last reported |
Financials of Victory Transformers & Switchgears Limited FY 2019 filings available
Victory Transformers & Switchgears Limited reported revenue of ₹2.43 Cr (down 94% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Victory Transformers & Switchgears Limited
Revenue fell 94% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 110% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Victory Transformers & Switchgears Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹4.18 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹5.88 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Victory Transformers & Switchgears Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -171.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -241.8% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Victory Transformers & Switchgears are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Victory Transformers & Switchgears Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Victory Transformers & Switchgears Limited
Victory Transformers & Switchgears has 3 subsidiary companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Hackbridge-Hewittic & Easun Ltd | U27109TN1956PLC000882 | Locked |
| Victory Electricals Limited | U31909TN2000PLC078301 | Locked |
| Phoenix Power Products Limited | U31909TN2003PLC077765 | Locked |
Showing major subsidiaries. Total: 3.
Charges & Borrowings of Victory Transformers & Switchgears Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jun 2011 | Edelweiss Asset Reconstruction Company Limited | ₹31 Cr | Open |
| 28 Apr 2011 | Ge Capital Services India | ₹12.5 Cr | Open |
| 16 Nov 2009 | State Bank of India | ₹242.12 Cr | Open |
| 23 Mar 2009 | Bank of Baroda | ₹83 Cr | Open |
| 14 Aug 2004 | State Bank of India | ₹5 Cr | Open |
Total charge records: 12 View all charges
Employees and EPFO Compliance at Victory Transformers & Switchgears Limited
Employment history and EPFO contributions of people linked to Victory Transformers & Switchgears.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Victory Transformers & Switchgears Limited
Victory Transformers & Switchgears has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AABCV9082D1Z7 | Telangana | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Victory Transformers & Switchgears Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Victory Transformers & Switchgears Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Victory Transformers & Switchgears Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Victory Transformers & Switchgears Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Victory Transformers & Switchgears Limited
Frequently Asked Questions about Victory Transformers & Switchgears Limited
Victory Transformers & Switchgears is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Victory Transformers & Switchgears is a company under liquidation, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 30 April 2004 and is registered under CIN U29199TN2004PLC078244. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Victory Transformers & Switchgears reported revenue of ₹2.43 Cr for FY 2019 (down 94% YoY).
Victory Transformers & Switchgears has 4 current directors:
- Mahendra Kumar Vaddineni - Managing Director
- Manoj Vaddineni - Whole-Time Director
- Venkatappaiah Naidu Vaddineni - Director
- Manish Chhajed - Director
Victory Transformers & Switchgears reported a net loss of ₹5.88 Cr (net margin -241.8%) and EBITDA of -₹4.18 Cr (EBITDA margin -171.9%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Victory Transformers & Switchgears is 12% over three years. In the latest year (FY 2019) revenue fell 94%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Victory Transformers & Switchgears is U29199TN2004PLC078244. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Victory Transformers & Switchgears has open charges of ₹465.05 Cr and satisfied charges of ₹122.5 Cr as per latest MCA filings.
Victory Transformers & Switchgears was incorporated on 30 April 2004. It is registered with the Registrar of Companies, Chennai.